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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 26,114 $ 25,811
Short-term investments 159,859 76,871
Cash and cash equivalents 185,973 102,682
Securities available-for-sale, at fair value 236,989 212,024
Securities held-to-maturity, at amortized cost 11,461 12,635
Loans held for sale 2,697 2,632
Loans and leases receivable, net of allowance for credit losses of $26,140 and $24,230, respectively 2,513,223 2,418,836
Premises and equipment, net 4,933 4,340
Repossessed assets 89 95
Right-of-use assets, net 7,355 7,690
Bank-owned life insurance 54,383 54,018
Federal Home Loan Bank stock, at cost 13,088 17,812
Goodwill and other intangible assets 12,160 12,159
Derivatives 54,612 68,581
Accrued interest receivable and other assets 67,448 63,107
Total assets 3,164,411 2,976,611
Liabilities and Stockholders’ Equity    
Deposits 2,476,840 2,168,206
Federal Home Loan Bank advances and other borrowings 341,859 456,808
Lease liabilities 9,822 10,175
Derivatives 49,012 61,419
Accrued interest payable and other liabilities 20,297 19,363
Total liabilities 2,897,830 2,715,971
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,500,000 shares authorized, 12,500 shares of 7% non-cumulative perpetual preferred stock, Series A, outstanding at each March 31, 2023 and December 31, 2022 11,992 11,992
Common stock, $0.01 par value, 25,000,000 shares authorized, 9,371,657 and 9,371,078 shares issued, 8,306,270 and 8,362,085 shares outstanding at March 31, 2023 and December 31, 2022, respectively 94 94
Additional paid-in capital 88,173 87,512
Retained earnings 209,008 203,507
Accumulated other comprehensive loss (13,671) (15,310)
Treasury stock, 1,065,387 and 1,008,993 shares at March 31, 2023 and December 31, 2022, respectively, at cost (29,015) (27,155)
Total stockholders’ equity 266,581 260,640
Total liabilities and stockholders’ equity $ 3,164,411 $ 2,976,611